SAN FRANCISCO (1/21/14)--You might have a will and estate plan, but do you have a plan for your digital assets if you die? On average, Americans value their digital assets at more than $54,000, but few people make plans for these assets once they're gone (MarketWatch.com Jan. 10).
Your loved ones will have a hard time accessing your online financial accounts, blogs, social media sites, and the like if you don't have a plan in place. From full-service estate plans for online accounts to password management programs, some services can help get digital affairs in order. But if you use these programs you risk that the company might not be around when you die, or that it might be hacked or compromised.
Whether you use an online service or just write your wishes in a notepad, being proactive about your afterlife digital wishes can save loved ones time and frustration:
For related information, read "Family Heirlooms, Not Money, Most Important to Heirs" in the Home & Family Finance Resource Center.